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MML

Medusa MiningASX:MML Stock Report

Market Cap

AU$156.9m

7D

4.9%

1Y

-13.2%

Updated

17 Oct, 2021

Data

Company Financials
MML fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends0/6

MML Overview

Medusa Mining Limited, together with its subsidiaries, engages in the exploration, evaluation, development, mining, and production of gold properties.

Rewards

Trading at 69% below our estimate of its fair value

Earnings grew by 59.2% over the past year

Risk Analysis

No risks detected for MML from our risk checks.

Medusa Mining Competitors

Northern Star Resources

ASX:NST

AU$11.3b

Evolution Mining

ASX:EVN

AU$7.1b

Regis Resources

ASX:RRL

AU$1.7b

Silver Lake Resources

ASX:SLR

AU$1.5b

Price History & Performance

Summary of all time highs, changes and price drops for Medusa Mining
Historical stock prices
Current Share PriceAU$0.76
52 Week HighAU$0.66
52 Week LowAU$0.99
Beta0.90
1 Month Change-6.21%
3 Month Change-18.82%
1 Year Change-13.22%
3 Year Change125.37%
5 Year Change15.27%
Change since IPO1,577.78%

Recent News & Updates

Jul 05
Shareholders Would Enjoy A Repeat Of Medusa Mining's (ASX:MML) Recent Growth In Returns

Shareholders Would Enjoy A Repeat Of Medusa Mining's (ASX:MML) Recent Growth In Returns

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...

Mar 15
These 4 Measures Indicate That Medusa Mining (ASX:MML) Is Using Debt Safely

These 4 Measures Indicate That Medusa Mining (ASX:MML) Is Using Debt Safely

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

MMLAU Metals and MiningAU Market
7D4.9%4.3%0.9%
1Y-13.2%12.2%20.2%

Return vs Industry: MML underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: MML underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is MML's price volatile compared to industry and market?
MML volatility
MML Beta0.90
Industry Beta0.97
Market Beta1

Stable Share Price: MML is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MML's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aAndrew Teohttps://www.medusamining.com.au

Medusa Mining Limited, together with its subsidiaries, engages in the exploration, evaluation, development, mining, and production of gold properties. The company also explores for silver deposits. It holds interests in the Co-O Gold project that covers an area of approximately 410 square kilometers located in central eastern Mindanao, the Philippines; and Royal Crowne Vein prospect, Saugon Gold deposit, and Tailings project located in the Philippines.

Medusa Mining Fundamentals Summary

How do Medusa Mining's earnings and revenue compare to its market cap?
MML fundamental statistics
Market CapUS$116.49m
Earnings (TTM)US$47.26m
Revenue (TTM)US$179.04m

2.5x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MML income statement (TTM)
RevenueUS$179.04m
Cost of RevenueUS$105.12m
Gross ProfitUS$73.92m
ExpensesUS$26.67m
EarningsUS$47.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin41.29%
Net Profit Margin26.39%
Debt/Equity Ratio0.9%

How did MML perform over the long term?

See historical performance and comparison

Valuation

Is Medusa Mining undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MML (A$0.76) is trading below our estimate of fair value (A$2.43)

Significantly Below Fair Value: MML is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MML is good value based on its PE Ratio (2.5x) compared to the Australian Metals and Mining industry average (15x).

PE vs Market: MML is good value based on its PE Ratio (2.5x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MML's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MML is good value based on its PB Ratio (0.6x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is Medusa Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.3%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Medusa Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Medusa Mining performed over the past 5 years?

42.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MML has high quality earnings.

Growing Profit Margin: MML's current net profit margins (26.4%) are higher than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: MML has become profitable over the past 5 years, growing earnings by 42.1% per year.

Accelerating Growth: MML's earnings growth over the past year (59.2%) exceeds its 5-year average (42.1% per year).

Earnings vs Industry: MML earnings growth over the past year (59.2%) exceeded the Metals and Mining industry 35.3%.


Return on Equity

High ROE: MML's Return on Equity (24.5%) is considered high.


Financial Health

How is Medusa Mining's financial position?


Financial Position Analysis

Short Term Liabilities: MML's short term assets ($93.8M) exceed its short term liabilities ($16.5M).

Long Term Liabilities: MML's short term assets ($93.8M) exceed its long term liabilities ($6.9M).


Debt to Equity History and Analysis

Debt Level: MML's debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: MML's debt to equity ratio has reduced from 2.9% to 0.9% over the past 5 years.

Debt Coverage: MML's debt is well covered by operating cash flow (3783.7%).

Interest Coverage: MML earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Medusa Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MML's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MML's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MML's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MML's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MML is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MML's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Andrew Teo (68 yo)

1.25yrs

Tenure

US$464,611

Compensation

Mr. Boon San Teo, also known as Andrew, B.Com, UWA, (CPA), serves as Managing Director at Medusa Mining Limited since March 19, 2021. Mr. Teo had been Independent Non-Executive Chairman of Medusa Mining Li...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD464.61K) is above average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Andrew's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MML's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: MML's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Medusa Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Medusa Mining Limited
  • Ticker: MML
  • Exchange: ASX
  • Founded: 2002
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$156.944m
  • Shares outstanding: 207.87m
  • Website: https://www.medusamining.com.au

Number of Employees


Location

  • Medusa Mining Limited
  • Suite A
  • Level 1
  • Como
  • Western Australia
  • 6152
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:05
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.